Feb. 2 (Bloomberg) -- OAO Rosneft, Russia’s largest oil producer, plans to buy OAO Sberbank’s 35 percent stake in the Taas Yuriakh oil project for $444 million.
Rosneft Chief Executive Officer Eduard Khudainatov and Sberbank CEO German Gref signed a preliminary agreement on the eastern Siberian oil project at ceremony today in Moscow.
Sberbank, Russia’s biggest lender, acquired stakes in Taas Yuriakh as well as the Dulisma oil field from Urals Energy Plc in a debt settlement in 2009.
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